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Saudi Arabia Tokens Multi-Trillion Economy
Description
Saudi Arabia, led by Faisal Monai, is pioneering the tokenization of its multi-trillion-dollar economy, starting with real estate. By 2030, they aim to have a nationwide tokenized financial setup, with stablecoin settlements for real estate expected by late 2026. This move, backed by top Saudi and Gulf leaders, aims to provide more certainty during market stress, quick ownership transfers, and less friction. The first tokenized property deed transfer was successfully completed in February, and plans expand beyond real estate to energy and manufacturing.
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